Beginning in 2025, the SECURE 2.0 Act of 2022 requires employers to automatically enroll eligible employees in new 401(k) plans with a participation amount of at least 3% but no more than 10%. The contribution escalates at the rate of 1% per year up to a minimum of 10% and a maximum...
The survey found that around 67 per cent of respondents have yet to consider the implementation challenges of auto-enrolment in any detail. It states that however none of the organisations surveyed expects to reduce defined contribution (DC) rates for existing pension savers....